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#1
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I downloaded PlanetLuck casino today and made a $100 deposit with the $100 match bonus, I have been on the best streak I have had in years, and I am just flat betting $1 chips, I am now up to $300 exactly and I exited to post this question, I have about $1000 of the required 8X let to clear ($100 deposit, $100 Bonus X 8 = $1600 in required wagers).
The Question: Should I keep flat betting??? As it stands right now I have my $100 deposit, my $100 bonus, and $100 in winnings for a total of $300. I do not want to drop below the $200 mark because that is my deposit and my bonus amount. What should I do??? I am trying to build back up a good bankroll to play with, since I had to make a big withdrawl last month [img]/images/graemlins/confused.gif[/img] that crippled my NeTeller account. Big Steve [img]/images/graemlins/cool.gif[/img] |
#2
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keep flat beating what you started betting.
You choose to bet $1 a hand. finish the WR with it. SFWUSC |
#3
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The question is, "Do you feel lucky Punk ??"
Seriously though it's only $600 more to play. If you stay at $1 bets you'll likely finish around $300. If you bump it up to $2 or $5 you will play it off a lot faster but will also not likely finish close to the $300 mark. So if your cool with taking the chance of finishing closer to $200 for the opportunity of ending up at $350 - $450 then bump it up. If $300 sounds good to the "rebuilding a bankroll" plan then grind out another 600 hands at $1. Obviously wasn't telling anything you didn't already know . . . good luck busguy For what it's worth . . . I'd bump it up. |
#4
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[ QUOTE ]
For what it's worth . . . I'd bump it up. [/ QUOTE ] I would too, but I'm the guy who does $25 bets when clearing the intercasino monthly bonus (smaller bets aren't worth it, per hour) |
#5
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Finishing it off is profitable still.
If you quit now, you will get $200 If you finish it, you will have 300 - (1000 * 0.004) = $296 or something like that (assuming a .4% HA, not sure what planet luck's is, but its not too far off) |
#6
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Not finishing it off would be a very dumb thing to do.
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#7
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You have about 600 hands left to play at about a house advantage of approx 0.85% (assuming optimal play.) Keep playing because EV of remaining bonus = 100- 1000*(0.0085) = 92.5 -- hence if you're playing even sub-optimally you will add on to your profits by finishing the bonus. You can even up those flat bets to $2 if you want to clear it quicker (the variance will increase a bit but not too much), but don't ever start using a beting system because that's always a bad idea.
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#8
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[ QUOTE ]
but don't ever start using a beting system because that's always a bad idea. [/ QUOTE ] Someone told me one time that if you play this way you will always have a profit... Bet #1..................2 units if you win Bet #2 and so on....1 unit until you lose a hand then go back to 2 units until you win a hand They said that way you are alway locking up a profit. They figured it this way 2 units on Bet #1 yeilds 4 units on a win, Bet #2+ are 1 units, so after the Bet #1 win you have your 2 units back, 1 unit in profit, and 1 unit for the next bet. I told them they were crazy, and that it sound like something John Patrick put in his BS Blackjack Books. Who is right me or him??? Big Steve [img]/images/graemlins/cool.gif[/img] |
#9
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You are right. Those systems are bunk. There are only two things that matter: 1.) House Edge 2.) How much you have bet in aggregate
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#10
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[ QUOTE ]
You are right. Those systems are bunk. There are only two things that matter: 1.) House Edge 2.) How much you have bet in aggregate [/ QUOTE ] well... it's slightly more complicated than that. the higher the bet size, the higher the ROR and SD will be, eventually, the fact that busting out lowers your overall WR (over many casinos- think long term) impacts the EV. betting systems are bunk, however. NO MARTINGALE, EVER. |
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